The Source of Commercial Real Estate
Developing Med-Tail Spaces with Austin Hair
Nov 12, 2024
Austin Hair, a seasoned real estate investor specializing in med-tail spaces, discusses his journey from the fitness industry to selecting prime locations for healthcare groups. He shares insights on the benefits of merging medical services with retail, maximizing returns for investors, and navigating entitlement risks in development projects. Highlights include strategies for building strong tenant relationships and adapting to market dynamics while ensuring the reliability of tenants. Don't miss his unexpected experiences on American Ninja Warrior!
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Quick takeaways
- The integration of healthcare services into retail spaces, known as MedTail, significantly enhances patient accessibility and overall customer experience.
- Successful site selection and strong tenant relationships are essential for navigating risks and maximizing the financial viability of healthcare ventures.
Deep dives
The Trend of MedTail in Retail Spaces
The trend of integrating healthcare services into retail locations, often referred to as MedTail, has gained significant momentum. Medical providers are increasingly situating their practices in high-traffic areas, such as grocery store parcels or retail centers, to enhance accessibility for patients. This shift aims to create a more customer-centric experience, aligning with the broader trend where convenience is key for consumers. With this movement, opportunities arise for investors and developers to capitalize on these innovative healthcare service placements.
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